Before investing on meme coin or shitcoins consider this.

[JeffBrad12]

investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.

its good for speculation but even then there are full of manipulations going around these meme coin in general.
I think the only good quality meme coin are those supported by famous figure like elon basically dogecoin and shib in which have already attained some massive market capitalisation in which
I doubt the capitalisation will be gone anytime soon.
if anyone out there thinking of investing in these meme coin they should consider their money lost, after all the speculation with meme coin have really small odd of you winning usually.

[bittick]

investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.

fair point i think only invest in meme coin when we can be sure we are among the earliest, moreover we also need to make some
observation and analysation in regard of the meme coin we gonna invested in, after all only very few meme coin gonna succeed.

[Ngemmeng]

investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.

more precisely meme coin is more suitable for short term investment and less suitable for long term investment as it has no utility.
but I think it's ok to invest $1 in a certain meme coin hoping in the future it will become like shiba or doge, and the previous $1 investment turns into $10K 

[lienfaye]

investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.

fair point i think only invest in meme coin when we can be sure we are among the earliest, moreover we also need to make some
observation and analysation in regard of the meme coin we gonna invested in, after all only very few meme coin gonna succeed.

Some investors prefer to take risk investing on meme coins rather than the established one because of big profit in a short period if you're one of the early investors before the price increase. However, since many meme coins are existing it's also hard to spot the one that has potential to skyrocket. That's why investing in meme coins are not always profitable and more risky, you can earn huge but you can lose your money as well.

Thus, choose the project with real use case rather than a coins without utility. Do an extensive research and don't rely with suggestions because some of them are just shilling a coin since they invested on it and just want to hype for their own benefit.

[hitsnorth]

investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.

more precisely meme coin is more suitable for short term investment and less suitable for long term investment as it has no utility.
but I think it's ok to invest $1 in a certain meme coin hoping in the future it will become like shiba or doge, and the previous $1 investment turns into $10K 

Nothing wrong with throwing a couple of dollars into something like that, indeed. You just have to be prepared for the outcome, you may not get anything at all and even lose what you invested. That's why I don't understand how can people invest hundreds and thousands of dollars in something like that.

[bluebit25]

There are different criteria for evaluating a low quality project (shitcoin, memecoin, ..) in the crypto space. But the problem like following the trend, anonymous dev, low mc, hype with anything possible to get people's attention. However, if you don't come into contact and experience this, to look back on everything, it will be difficult to understand the problem that is happening, when participating in investment, people place great emphasis on high profits, so they will do it themselves overshadows the criteria for evaluation, and only failures will help them see the mistakes made. It's good that we always see people warning people, but as I said earlier experience helps us grow in this space.

[TheUltraElite]

Nothing wrong with throwing a couple of dollars into something like that, indeed. You just have to be prepared for the outcome, you may not get anything at all and even lose what you invested. That's why I don't understand how can people invest hundreds and thousands of dollars in something like that.

A couple of dollars and what? like 6x times, make it twelve dollars. You would be happy with that? Truly not, you would be looking to turn 1000$ to 6000$ and thus you should not raise the topic of a "couple" of dollars more like a couple of grands.

This ends up being a gamble if you weigh in the risks of altcoin trading and their past behavior in the market not being up to the mark or showing severe volatility. The bitcoin bet is a safer one but I guess the nature of traders is to take risks and they therefore do not go with the long term safer asset.

You could go around throwing a few dollars at every coin out there, but the net result will be that the exchange fees will eat up your profits.

[Nrcewker]

I would better advise not to invest in these types of coins, as these type of coins have a higher risk of getting losses. Yes its good when some big personalities or whales back them up, but never buy them from your own side. Moreover, these whales do the promotion only to gain profit for themselves. So yes I would completely advise you to not invest in these types of coins. They can make you rich overnight or just can make you bankrup in fraction of seconds. So invest wisely.

[freedomgo]

investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.

Can't really blame them because I know a lot of people who have been in the market for long now that still enjoys risking some of their funds by investing towards these meme coins especially that specific coin that has been gaining a lot of attention because of Elon Musk, you know what it is. Trust me, I tried to warn them and said some words that could discourage them but even that were wasted because they already knew their chances and risks, still, they are waiting for that hype train to arrive even if it will cost them money.

[Kelvinid]

I would better advise not to invest in these types of coins, as these type of coins have a higher risk of getting losses. Yes its good when some big personalities or whales back them up, but never buy them from your own side. Moreover, these whales do the promotion only to gain profit for themselves. So yes I would completely advise you to not invest in these types of coins. They can make you rich overnight or just can make you bankrup in fraction of seconds. So invest wisely.

Indeed right? Instead of having those things, why we should not choose potential coins with less risk and profitability? And we never waste our time searching what projects are legit or not.  Yes, OP developers will certainly promise good things, high rewards, etc to the investors in order to gain attraction and courage but after all, they'll make you suffer in the end. Many people enjoyed with hype, they make money actually but those who have entered during its peak had terribly lost their money.

[uneng]

Yes, OP developers will certainly promise good things, high rewards, etc to the investors in order to gain attraction and courage but after all, they'll make you suffer in the end. Many people enjoyed with hype, they make money actually but those who have entered during its peak had terribly lost their money.

That is because these hypes work on the same concept of ponzi and hyip schemes, where early investors are benefited and use their personal success to lure new investors into the investment. However, the ones who enter on its peak, who we can name late investors don't make any profit, because they are scammed by the platforms, which disappear like dust in the wind.

The difference between traditional ponzi plus hyips to shitcoins is that the final coup launched by devs is different. With shitcoins, they just drop large sums of tokens for sale on the market, making fast profit through the conversion their useless tokens to BTC or stablecoins, while investors remain with the tokens on their wallets, although they are priceless after all. On this aspect it's a smarter scam scheme compared to its outdated pairs.

[CryptoSlater]

Why even discuss? Amazon made their AMZ token that's better than any meme and 99% of the rest.

Read:
https://cointelegraphfeed.com/?06-19-amazon-creating-token-june-23

Seriously, things like this don't happen so often

[shinratensei_]

I would better advise not to invest in these types of coins, as these type of coins have a higher risk of getting losses. Yes its good when some big personalities or whales back them up, but never buy them from your own side. Moreover, these whales do the promotion only to gain profit for themselves. So yes I would completely advise you to not invest in these types of coins. They can make you rich overnight or just can make you bankrup in fraction of seconds. So invest wisely.

it's all just speculation in the perspective of many shitcoin investors out there, but i think if they knew the risk beforehand of losing their money
and they still goes on then i guess it's fair enough for them, after all some people just so eager in getting rich overnight.

Why even discuss? Amazon made their AMZ token that's better than any meme and 99% of the rest.

sounds like a scam, cointelegraphfeed, what even is that? i think the site you shown trying to imitate cointelegraph, and i'm sure the coin you mentioned is worse than shitcoin since
it's basically scam coin, amazon will never release their token much more having it published in some unknown media like that.

[WalkerIVIV]

investing in meme coin and shitcoin in general is like gambling and investing too much in it will spell destruction.
it's easy to figure out that these are just games and those investors aren't really investing honestly.

[lixer]

investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.

Well, you are probably right that it is completely useless to invest in a meme coin if you have already missed the train and the market is in FOMO mode already where most investors will only waste their money because the token will most likely plunge after that point, and when you invest in a meme coin, there are very slight chances for it to gain significant growth again in the future because the hype gets over and it is difficult for meme coins to gain hype again unless they are hyped by celebrities or famous people.

So it is better if someone simply invests the money in a project that has some potential for growth at the time of investment so that the money spent isn't wasted and the tokens aren't kept in the wallet for months without gaining any value at all.

[Doan9269]

You need to be more careful than ever in your pursuit of easy money. Personally, I don't prefer it. I have focused on web3 and AI projects, which are the technologies of the future, and Cirus is a good example for that.

On a normal ground, if you think you're not able to go for taking a risk in your investment on altcoins then it's more better and safer to stay and stick to bitcoin alone, you cannot afford to make an investment in which the risk involved is much higher than the potentials of making profits in it, some will end up loosing more money than making profits when they make a wrong choice of shitcoins investment without knowing.

[gurunanakji777]

It is not easy to trap smart investors, whereas it is easy to trap newbies with fake promises. Meme coins and shit coins excel in marketing their projects and creating hype, which entices some investors to seek quick profits. However, the reality often turns out to be the opposite for most investors. I would emphasize the importance of trading with controlled greed and placing trust in reputable projects instead of meme coins projects, as excessive greed always leads to losses.

[wheelz1200]

This is all good advise but 99% of the people who buy these coins will ever listen to rational thought.  Greed fuels the meme market.  There is literally zero purpose to buy these coins except in the hopes someone or some group will pump it so you can dump it, greed.  It's unfortunate that crypto got infected with these things but here we are. 

[sulendra12]

3. Be realistic and don't join the FOMO since this could lead up losing your money.

This is true especially on meme coins because most of the time people will join really late because many people already have gotten something from those meme coins, that just makes you losing more money because if you invest late to meme coins then the chance of you getting profit is really low or even zero because the price would be just stabilize and stagnant for a long time.

4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.

There are lot of threads on this forum regarding that topic especially the topics around meme coins, might be better to just avoid that.

[usekevin]

The people spend huge time to earn 100 dollars,but they not ready to spend time to calculate before spending it.When you get 100 dollars from your salary and plan to increase the savings by investing in crypto currency.You need to do background verification of the project which you are going to inverse your money.Meme coin can be used to get short term profit and not fit for long term profit.